Latest News

Save E-mail Print Most Popular RSS Reprints

Year-end comp-store sales up at Target

February 08, 2007

Similar Stories | Topics

Minneapolis—Same-store sales increased 4.8 percent at Target Corp. for the 52 weeks ended Jan. 28, the company announced today.

Calendar irregularities require the company to compare the 53-week period ended Feb. 3, 2007, to the 52-week period ended Jan. 28, 2006. On that basis, same-store sales increased 6.6 percent and total sales increased 12.9 percent to $57.9 billion.

Based on an equal-length fourth quarter, same-store sales increased 4.8 percent. On the basis of an unequal quarter, same-store sales increased 10.5 percent, and total sales increased 16.3 percent to $19.3 billion.

Based on an equal-length month, January same-store sales increased 5.1 percent. On the basis of an unequal month, same-store sales increased 31.9 percent, and total sales surged 37.3 percent to $4.9 billion.

Target's operations include large, general-merchandise discount stores and a fully integrated online business. The company currently operates 1,488 stores in 47 states.

Analysts believe that by 2010, Target will approach $100 billion in sales, nearly doubling its current size and becoming an even bigger competitive force.
Save E-mail Print Most Popular RSS Reprints
Post a Comment
* Required field
* Author:
* Comment:
 

More Brand Profiles

Movado Lincoln Center Watch
Movado watch fetes 50 years of pirouettes, solos

A night out at the New York City Ballet or Jazz at Lincoln Center is bound to be memorable, but Movado hopes to help make it more so with a new version of its iconic "Museum" watch.  Read More

Raymond Weil forms U.S. distribution company
More News

More Like This

Investor lobbies for control of Target
March 23, 2009 | National Jeweler Network
Target in talks to sell some credit assets
March 12, 2008 | National Jeweler Network
Shareholder focus may weigh on Target's debt
February 27, 2008 | National Jeweler Network
Target's future stores will be bigger, greener
February 08, 2008 | National Jeweler Network
No Dirty Gold names new retail leaders, laggards
February 08, 2007 | National Jeweler Network

Design Portfolio

advertisement

Video

Small multi video player located on right rail of NJN site

advertisement

Sponsored by:

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.
Newsletters
Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.
Reader Connect
ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.
Jewelry Yellow Pages
Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.
Classifieds
Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.
NJN Customer Connect
CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.

advertisement